QuickLogic (QUIK) said Monday it has received a contract worth about $6.6 million to support the continued development and demonstration of Strategic Radiation Hardened high reliability Field Programmable Gate Array technology.
The project aims to meet current and future Department of Defense strategic and space system requirements, the company said. The award represents the fourth tranche of the multi-year program started in 2022.
Shares of the company were up about 23% in recent trading.
Price: 9.64, Change: +1.80, Percent Change: +23.00
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